From Chairman Linda Johnson Rice

LJR-Media-1

Transcript

00:00Hello, I'm Linda Johnson Rice, Chairman of Johnson Publishing Company.

00:06It is my pleasure to share with you the news that J.P. Morgan Chase has become an investor

00:11in our company, marking a new and exciting chapter in our 60-year history.

00:17My family will continue as a majority owner of Johnson Publishing, the nation's preeminent

00:22publisher of Ebony and Jet, and owner of Fashion Fair Cosmetics, a global prestige cosmetics

00:28brand for women of color.

00:31This investment is the logical next step in a relationship that began more than 40 years

00:35ago when my father, John H. Johnson, became a client of First National Bank of Chicago,

00:42one of J.P. Morgan Chase's predecessor banks.

00:45It shows their great confidence in our company as a leading black American firm, and it also

00:51demonstrates J.P. Morgan Chase's commitment to the black community and its tradition of

00:56partnering to support its clients.

00:59This investment will give us additional resources to take our iconic media brands, Ebony and

01:04Jet, to the next level and accelerate our growth strategy for Fashion Fair Cosmetics.

01:10Ebony and Jet are the number one and three magazines committed to the black community.

01:16I want to thank you, our readers, customers, advertisers, and business partners for your

01:22continued support.